InvestForLess charges $250 per year per investment relationship. Each investment relationship is determined by social security or tax id number. For this fee you will receive access to educational information, financial tools, and financial & investment advice. InvestForLess and our network of advisors can provide individualized financial planning on an hourly or project basis. This process increases the transparency of the cost of investments and advice; giving the control back to the investor. A general list of services and prices are listed below.
We have worked to strip out all fees possible for our Members. However, some fund companies and custodians do charge additional fees, we encourage you to read all the information sent to you about your account to familiarize yourself with any additional fees. InvestForLess does not receive ANY additional transaction or account fees, the investment custodian charges these.
If you have questions on a specific transaction and if it will incur a fee, please call or email us BEFORE you process the transaction.
There are two different classes of mutual funds that you need to be aware of. Most mutual funds are classified as "No Transaction Fee (NTF)" funds, which are funds that do not have a ticket charge. Some funds are classified as "Transaction Fee (TF)" funds and a purchase/sale of these funds will incur a ticket charge. Most of the time you will likely purchase NTF funds. If you have a higher account balance, it may make sense for you to purchase a TF fund in order to obtain a lower expense ratio. Also, please note that some funds carry a short-term redemption or "contingent redemption fee" if you buy and then sell the fund within a short period of time, usually within 90 days.
Advice Fees
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InvestForLess Hourly Advice
| $200 per hour
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IFL Network Hourly Advice
| Varies ($85- $300)
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Per Project Advice
| Call for pricing
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Transaction Fees
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NTF Mutual Funds
| $0
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TF Mutual Funds
| $14.95
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| Stocks | $14.95
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| ETF's | $14.95
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UIT's
| $25.00
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Listed Options
| $19.95 plus $1.50 contract |
Broker assisted Options
| $24.95 plus $1.50 contract
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Fixed Income
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| $0-$50,000 | $50.00
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$50,000+
| $75.00
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Custodian acting as a riskless principal = markup or markdown
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Account Fees*
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IRA Custodial Fee
| $25.00 |
IRA Termination Fee
| $150.00
|
ACAT Transfer Out
| $75.00 |
Limited Partnership Fee
| $50.00
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Profit Sharing Plan Fee
| $55.00 per year/$5.00 per participant
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Transfer on Death Establishment
| $50.00
|
Reg T Extensions
| $15 per extension
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Non-Sufficient Funds
| $40.00 |
Overnight Delivery
| $20.00
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Wire Transfers
| $35.00
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VISA Debit Card
| $40.00 per year
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Check Writing
| $20.00 per year
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*These are the most common fees. For a complete list of fees, click here.
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